2023-05-01 16:16:06 ET
- Rambus press release ( NASDAQ: RMBS ): Q1 GAAP EPS of $0.03.
- Revenue of $113.8M (+14.9% Y/Y).
- Produced quarterly product revenue of $63.8 million driven by memory interface chips, up 33% year over year
- 2Q23 Outlook:
- For the second quarter of 2023, the Company expects licensing billings to be between $61 million and $67 million. The Company also expects royalty revenue to be between $37 million and $43 million, product revenue to be between $50 million and $56 million and contract and other revenue to be between $18 million and $24 million.
- The Company also expects operating costs and expenses to be between $97 million and $93 million. Additionally, the Company expects non-GAAP operating costs and expenses to be between $82 million and $78 million. These expectations also assume non-GAAP interest and other income (expense), net, of ($0 million), a tax rate of 24% and diluted share count of 112 million, and exclude stock-based compensation expense ($11 million), amortization of acquired intangible assets ($4 million), and interest income related to the significant financing component from fixed-fee patent and technology licensing arrangements ($1 million).
For further details see:
Rambus GAAP EPS of $0.03, revenue of $113.8M